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Share prices plunge on local bourse

Share prices plunge on local bourse

Taipei, Oct. 28 (CNA) Taiwan's share prices plunged Wednesday, with the weighted index, the market's key barometer, dropping 123.39 points, or 1.61 percent, to close at 7,533.95.

The local bourse opened at 7,637.44 and fluctuated between 7,675.15 and 7,533.95 during the day's trading session.

A total of 3.73 billion shares changed hands on market turnover of NT$111.19 billion (US$3.42 billion).

Seven of the eight major stock categories lost ground, with textile stocks moving down the most at 2.57 percent. Plastics and chemicals declined 2.13 percent, cement stocks were down 1.98 percent, banking and financial shares lost 1.83 percent, construction issues dropped 1.67 percent, machinery and electronics shares shed 1.64 percent, and paper and pulp issues fell 1.48 percent.

Foodstuff issues, the other major stock category, gained ground, moving up 1.05 percent.

Losers outnumbered gainers 1,965 to 652, with 184 stocks remaining unchanged.

Foreign institutional investors were net sellers of NT$10.93 billion-worth of shares.

(By Nick Huang)

Updated : 2021-06-14 08:54 GMT+08:00